You’ve heard it all – the stories of people living in a house with no roof for 15 years, the sad tale of the pet that disappeared under the unfinished floorboards never to be seen again, the ongoing saga of man/woman vs power tool…
It begs the question: do renovations ever really end, or do they haunt you for life? The living room – now a grim reminder of that harrowing altercation with an angle grinder, the kitchen – nothing but bad memories of stove installations and arguments over splash backs, and the bedroom – a place to have nightmares about tradies who don’t turn up.
Many young couples listen to the conventional wisdom that they need to save a 20% deposit to purchase their first home, and certainly the more you save the better off your situation. But did you know that you don’t actually need that much in order to secure a home loan? You may be able to buy with as little as a 5% deposit.
Recently released data by Bankwest* indicates that it takes the average first home buyer in the ACT just over four years to save a 20% deposit of $110,000, but it’s not rocket science to figure out that if it takes the average ACT first home buyer four years to save a 20% deposit, it could take you only 12 months to save 5% – now that’s something to get excited about!
You’ve seen it on TV. A fast-talking fellow with a gavel yells out numbers, points a lot and boom! The place is sold. But what’s an auction really like, and should you opt for one when selling your home?
If you’re looking at selling one of your biggest assets, you’ll want to get the best return on your investment. A little research could go a long way toward getting the best possible sale price.
Luckily for you, we’ve done some of the footwork for you, and we also spoke to Jonathan Charles and Andrew Potts of Independent Property Group to get their insights. (Aren’t we nice?! Aww, shucks.)